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  • #1,141
  • Apr 2, 2013 7:33am Apr 2, 2013 7:33am
Hi, you mean last 3 bars in Weekly chart combine as a BEOB?


Quoting outman
actually I understand the way why fxgroup shorted the usdchf, on the weekly chart, check the three bars before last week's bar, all three conbined the beob. the touch trade, actually was used a few weeks ago by me on nzdusd D , the same situation like usdchf D now
  • #1,142
  • Apr 2, 2013 1:08pm Apr 2, 2013 1:08pm
Quoting fxgroup
This is a trade I made after the W BEOB in RM with the P that turns back within the D RM after the 2DPB. The way I entered is a Touch Trade and is a very powerful method used in certain circumstances...a methodology that we will study it further in this thread ! 1-the buyers close above the D RM 2- the sellers turn back the P within the old RM Now the trade is free one and I'm looking for the RM's S as the TG ! {image}

i can understand the logic behind your trade.
but if we look on the weekly we see a reversal pattern right on a weekly support in the direction of the main trend!

i will not be suprised if the price will reach the 0.9700 level as a first target.
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trading is not an addiction. it's a profession.
  • #1,143
  • Apr 3, 2013 1:59am Apr 3, 2013 1:59am
The TT require a different menthality and a different approach that gives you the vantage of very fast MM in order to put your trade on safe as quick as possible ! My trade was based spacially on the W BEOB in RM + the 2DPB that closed bello the 0.95 BRN. Selleing very close to the D RM R level gaved me the opportunity to make a good MM in a very tight space.
Nothing personal,just business
  • #1,144
  • Apr 3, 2013 3:00am Apr 3, 2013 3:00am
Quoting sodiska
Hi dfumagalli, mind sharing which pairs you usually looking at ?
Hello,

I look at a lot of pairs and also to some CFDs.

Pairs include:
AUDCAD AUDJPY AUDNZD AUDUSD
CADCHF CADJPY
CHFJPY
EURAUD EURJPY EURGBP EURNZD EURSGD EURUSD
GBPAUD GBPCAD GBPCHF GBPJPY GBPNZD GBPUSD
NZDCAD NZDJPY NZDSGD NZDUSD
USDCAD USDCHF USDJPY USDSEK USDSGD

CFDs / futures
Gold Silver Nasdaq S&P-500 Bund, mini-Dow and Crude Oil.


Some pairs I only check out for very evident setup as they are harder to trade with no corresponding reward. This tends to be USDCAD, EURUSD, in general pairs involving CAD or EUR are harder to trade: CAD tends to involve hard to manage, "sliding" range markets, EUR tends to show lots of advanced setups that while "technically pleasing" tend to give less secure trades.
JPY tend to give less immediate profits but with more predictability, smaller stop losses and also obey a lot to Big Round Numbers, to the point you don't even need to draw lines to trade JPY pairs, just have a blank BRN template and trade from BRN to BRN.

Nasdaq is also harder compared to the others.
  • #1,145
  • Apr 3, 2013 4:05am Apr 3, 2013 4:05am
Quoting dfumagalli
, Some pairs I only check out for very evident setup as they are harder to trade with no corresponding reward. This tends to be USDCAD, EURUSD.
totally agree. especially usdcad is choppy and hard to predict.
trading is not an addiction. it's a profession.
  • #1,146
  • Apr 3, 2013 4:57am Apr 3, 2013 4:57am
USDCAD is choppy but is not so hard too read and here comes a very important concept...the Trading Psychology....we don't want to trade at any time...we must trade only we know WPD+ WPG and to have the patient for waiting these kind of market situations.
The pair is choppy but is always respect what we are reading on the charts..because of many RMs the most difficult part is the MM of trades !

Here is a pair that requires patience and not to jump in as soon as we see a PB at the dynamic R.
A close above the TL will have very close the RM R level and this makes hard the MM, so the safiest buy of this pair is above the W RM with the confirmation that the RM turned in S, meanwhile the safiest way to sell it is bellow the W RM with the dynamic S as the main TG !
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Nothing personal,just business
  • #1,147
  • Apr 3, 2013 1:20pm Apr 3, 2013 1:20pm
The gold can be intresting next week.
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  • #1,148
  • Apr 4, 2013 4:55pm Apr 4, 2013 4:55pm
Hi fxgroup,

Newbie to PA here.
After spending countless hours with indicators and intraday charts I have finally decided to learn PA on higher TFs.
I'm still on page 11 of your thread and hope to catch up soon. Excellent information!

Thank you and fantastic job!!!
t-f1
  • #1,149
  • Apr 5, 2013 1:18pm Apr 5, 2013 1:18pm
EURAUD Weekly.

P is again approaching this middle support/resistance flip zone ( yellow area ), if it closes like that : the 1st bullish candle after 8 more or less bearish candles. This can also give us further clues on what might happen in AUDUSD.

At the moment I still don`t want to trade EURAUD, best is to adhere to fxgroupŽs recommendation for patience.

Only the best for you all,

Mike
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Be like water.
  • #1,150
  • Apr 5, 2013 3:00pm Apr 5, 2013 3:00pm
Hi Mike...at this moment I like very much AUDCHF & AUDJPY...and USDCHF gives me great satisfactions !
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Nothing personal,just business
  • #1,151
  • Apr 6, 2013 1:08pm Apr 6, 2013 1:08pm
Thank you very much for your starting this thread! I really find the information you share with us very useful. I only hope I will be able to use it properly also in lowe TF like 30MIN or an hour.

Keep it up please!
  • #1,152
  • Apr 6, 2013 3:20pm Apr 6, 2013 3:20pm
I am little bit confused. You said we were not trading against trend but here you are buying against down-trend...or am I wrong? IŽd be grateful if you explain me this. Thank you.

Quoting fxgroup
Let's see an exemple of how we read the price but most of all how we put in practice the method. {image} {image}
  • #1,153
  • Apr 7, 2013 8:52am Apr 7, 2013 8:52am
Hello everyone,
GOLD.
WPD= RM
Montly long-term trends is bullish
Montly short-term trends is bearish
In weekly P close above 1557.10 support with a PB (buyers presence), forming Double/Triple Bottom.

WPG= P is going to medium level 1674.49 and then to dynamic R.

My plan is to wait a PA candle on daily chart and with a strict MM, perform long trade.

to FXGroup: This trade can be considered as Touch Trade?

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  • #1,154
  • Apr 8, 2013 3:02am Apr 8, 2013 3:02am
[quote=vody105;6581055]
Quote
I am little bit confused. You said we were not trading against trend but here you are buying against down-trend...or am I wrong? IŽd be grateful if you explain me this. Thank you.

Hi vody..as you see on the M chart the buyers put a IPB as a DB=RM confirmation....the IPB have the elements for an inversion of the trend bearish WITHIN the M RM.
Of course it is always safer to trade with the main trend even within RM,but the IPB gave me all the information that the buyers are in controll at the RM's S. As you see I used the IPB just as information and not as trigger, waiting for further confirmation on lower TFs ( W+ D ) !
Nothing personal,just business
  • #1,155
  • Apr 9, 2013 1:41pm Apr 9, 2013 1:41pm
Hi, what do you think about this trade? EurNzd after retracement IB at R.
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  • #1,156
  • Apr 10, 2013 4:51am Apr 10, 2013 4:51am
Quoting Beertje
Hi, what do you think about this trade? EurNzd after retracement IB at R. {image}
I think you are on the right path ....we see that 1.55 BRN was a very strong S for the RM above it, the P closed bellow it and now the old S act as R !
It would have been much easier if the IB/ PB would have been closed within the small previous RM ( bellow 1.5345 ) !
I remember we had a discussion about where the P will make its RET after it closed bellow the RM and we said that we will wait the P at 1.5460...coincidence ?...we know what we are doing and all we do is based on price !
Nothing personal,just business
  • #1,157
  • Apr 11, 2013 12:24pm Apr 11, 2013 12:24pm
Quoting fxgroup
I think you are on the right path ....we see that 1.55 BRN was a very strong S for the RM above it, the P closed bellow it and now the old S act as R ! It would have been much easier if the IB/ PB would have been closed within the small previous RM ( bellow 1.5345 ) ! I remember we had a discussion about where the P will make its RET after it closed bellow the RM and we said that we will wait the P at 1.5460...coincidence ?...we know what we are doing and all we do is based on price !
EURNZD

1-the sellers closed bellow the W RM
2-RET to the old RM's S
3-the buyers take the level's control with the PB+ PB on D as confirmation.....WPG..right at our TG...and the W chart shows how important is to use the O/ C in order to identify the S/ R levels !
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Nothing personal,just business
  • #1,158
  • Apr 14, 2013 6:21am Apr 14, 2013 6:21am
Hi, I don't understand what you mean by point 3: the buyers take the levels control...


Quoting fxgroup
EURNZD 1-the sellers closed bellow the W RM 2-RET to the old RM's S 3-the buyers take the level's control with the PB+ PB on D as confirmation.....WPG..right at our TG...and the W chart shows how important is to use the O/ C in order to identify the S/ R levels ! {image} {image}
  • #1,159
  • Apr 15, 2013 5:01pm Apr 15, 2013 5:01pm
AUDUSD today(15.04.2013) crazy move, was totaly predicted in RM:

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  • #1,160
  • Apr 16, 2013 3:34am Apr 16, 2013 3:34am
Interesting Area. Weekly and Monthly resistance.
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